The stock of SJW Corp. (NYSE:SJW) reached all time high today, Nov, 22 and still has $58.11 target or 5.00% above today’s $55.34 share price. This indicates more upside for the $1.14 billion company. This technical setup was reported by Barchart.com. If the $58.11 PT is reached, the company will be worth $57.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 74,969 shares traded hands. SJW Corp. (NYSE:SJW) has risen 46.57% since April 20, 2016 and is uptrending. It has outperformed by 42.01% the S&P500.
SJW Corp. (NYSE:SJW) Ratings Coverage
Out of 2 analysts covering SJW Corp (NYSE:SJW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. SJW Corp has been the topic of 2 analyst reports since February 22, 2016 according to StockzIntelligence Inc. The rating was upgraded by Robert W. Baird on Monday, February 22 to “Outperform”.
According to Zacks Investment Research, “SJW CORP. is a holding company which operates through its wholly-owned subsidiaries, San Jose Water Co., SJW Land Co., and Western Precision, Inc. San Jose Water Co., is a public utility in the business of providing water service to a population of approximately 928,000 people. Their service area encompasses about 134 sq. miles in the metropolitan San Juan area. SJW Land Co. operates parking facilities located adjacent to the their headquarters and the San Jose area.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.12, from 0.94 in 2016Q1. The ratio dived, as 19 funds sold all SJW Corp. shares owned while 45 reduced positions. 18 funds bought stakes while 42 increased positions. They now own 8.57 million shares or 9.43% less from 9.46 million shares in 2016Q1.
The New York-based Millennium Mngmt Ltd Liability Co has invested 0% in SJW Corp. (NYSE:SJW). Martingale Asset L P holds 32,218 shares or 0.02% of its portfolio. The Pennsylvania-based Tfs Capital Limited Company has invested 0.05% in SJW Corp. (NYSE:SJW). Piedmont Invest Advsr Limited Company owns 89 shares or 0% of their US portfolio. Savings Bank Of Mellon has 0% invested in the company for 157,221 shares. Swiss Retail Bank accumulated 26,700 shares or 0% of the stock. The California-based Messner & Smith Theme Value Inv Mgmt Ltd Ca has invested 0.56% in SJW Corp. (NYSE:SJW). Century Companies reported 107,255 shares or 0% of all its holdings. Schroder Inv Mngmt Grp has invested 0.02% of its portfolio in SJW Corp. (NYSE:SJW). Deutsche Bancshares Ag holds 0% of its portfolio in SJW Corp. (NYSE:SJW) for 11,432 shares. Mckinley Cap Limited Liability Delaware accumulated 120 shares or 0% of the stock. The New Jersey-based Prudential Fincl has invested 0.01% in SJW Corp. (NYSE:SJW). Blackrock Inc holds 0% of its portfolio in SJW Corp. (NYSE:SJW) for 4,153 shares. Advsrs Asset Mngmt Inc has 5,763 shares for 0% of their US portfolio. Employees Retirement Association Of Colorado holds 0% or 10,118 shares in its portfolio.
Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 4 sales for $236,626 net activity. Jensen Palle also sold $210,417 worth of SJW Corp. (NYSE:SJW) on Thursday, September 1. $10,236 worth of shares were sold by Lynch James Patrick on Thursday, September 1.
More important recent SJW Corp. (NYSE:SJW) news were published by: Seekingalpha.com which released: “SJW Corporation Offers Good Growth Potential” on September 28, 2016, also Businesswire.com published article titled: “SJW Corp. Announces 2016 Third Quarter Financial Results”, Quotes.Wsj.com published: “News SJW Corp.SJW” on February 11, 2011. More interesting news about SJW Corp. (NYSE:SJW) was released by: Businesswire.com and their article: “SJW Corp. Announces the California Public Utilities Commission’s Decision on …” with publication date: June 14, 2016.
SJW Company Profile
SJW Corp., incorporated on February 8, 1985, is a holding company. The Firm has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc., SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc. SJWTX, Inc. is doing business as Canyon Lake Water Service Company (CLWSC). The Firm operates through two divisions. The Company’s segment, Water Utility Services, provides water utility and utility-related services to its clients through its subsidiaries, San Jose Water Company, CLWSC and TWA. The Real Estate Services segment includes property management and investment activity conducted by SJW Land Company.
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